Reklaim (MYID) Q3 2024 earnings summary

Executive summary

• Achieved record Q3 2024 revenue of $1,487,321, a 61% year-over-year increase.

• Positive EBITDA of $359,978 for Q3, up 106% from Q3 2023.

• Year-to-date revenue reached $3,315,204, a 23% increase from 2023.

• Significant cash flow improvement, with positive YTD cash flow of $260,062, up 1020% from prior year.

• Strategic focus on diversifying revenue streams and expanding AI privacy initiatives.

Financial highlights

• Gross margin improved to 82% for Q3 and 81% year-to-date, a 2-3% increase over 2023.

• EBITDA for Q3 at $359,978; year-to-date EBITDA at $418,441, impacted by early-year sales team investments.

• 'Deals' segment revenue surged by 3403% in Q3 2024 compared to 2023.

Outlook and guidance

• Continued focus on empowering consumers to control their data and expanding AI privacy initiatives.